Gaz-Group
 |
|
| Traded as | MCX: GAZA, MCX: GAZAP |
|---|---|
| Industry | Automotive |
| Founded | 2005 |
| Headquarters | Nizhny Novgorod, Russia |
| Products | Trucks & Buses |
| Revenue | $2.476 billion (2016) |
| $17.708 million (2016) | |
| Owners | Russian Machines (61%) |
| Parent | Russian Machines Corporation |
| Website | www.gazgroup.ru |
GAZ Group is a Russian automotive conglomerate headquartered in Nizhny Novgorod. It comprises 18 manufacturing facilities in eight regions of Russia, as well as sales and service organizations.
GAZ Group is the leading manufacturer of commercial vehicles in Russia. GAZ Group produces light commercial and medium-duty vehicles (GAZ), heavy-duty trucks (UralAZ), buses PAZ, KAvZ, LiAZ, cars, powertrain (YaMZ and UMZ) and automotive components. The market shares of the company: about 50% in the light commercial vehicles segment, 58% in the segment of medium-duty trucks, 42% in the all-wheel drive heavy-duty trucks segment and about 65% in the bus segment.
The main entity "GAZ Group" - OJSC "GAZ", refers to the Office "Management Company" GAZ Group. The "GAZ Group" is a holding company, consolidated around OAO GAZ, bringing together a number of industrial machinery sector, which are mainly subsidiaries of OJSC GAZ. Management Company GAZ Group was created on September 28, 2006 and is 100% owned by OJSC "GAZ".
GAZ Group was founded in 2005 as a result of the restructuring of the production assets of Ruspromavto, which existed from 2001.
In August 2006, Gaz Group's military technology enterprises JSC Arzamas Machine-Building Plant, in Viksa, and JSC Barnaultransmash became the independent Military Industrial Company to ensure the separation of automotive business of Russian Machines into public (GAZ Group) and non-public (Military-Industrial Company) assets.
In the summer of 2006 "GAZ Group" acquired UK based manufacturer of light trucks LDV Holdings (Birmingham) for $40,670,000. In the spring of 2009 in connection with the marketing of the crisis caused by, including the global economic crisis, LDV Holdings came under bankruptcy and in early May 2009, GAZ Group agreed to sell the company Malaysian carmaker Weststar.
...
Wikipedia